This post from zerohedge and the connected report on CFTC trading, kind of confirming what Martin said in this article. Short-term day trading can skew short term trend predictions. Therefore, be careful in short-term trading. Click here.

For instance, Martin is saying we may have a breakdown in the fall, but other gold bugs are calling for higher prices later this year. Hard to know. GG is leaning towards a higher price from her look at the market last year, but is being cautious. Buying a little physical metal each month and seeing what the 6-mo trend shapes up to be.

One thing is for sure, the shadow market will trash anything…gold, dollar, Greek debt, the entire United States, to make a buck….once everyone is in. We are not in Hunt Brothers territory yet, but as Martin points out, that doesn’t mean short term correction and volatility in day trades. Things that gg is looking for closer to the final smash: 401k funds to offer gold and silver investing and investors move their money to those allocations (and fund managers talking it up), all pension funds have at least 20% in metals, your next door neighbor has bought gold and silver and told you about it. These will be paper metals, not physical.

Groovygirl does not day trade anything, especially precious metals. She buys physical metal to hold long term. She uses shorter term trends to try to decide when to buy, but doesn’t sweat it if she is wrong. The long term trend is up, because of the coming currency collapse.